# 119-s-5186: ASSET Act

119-s-5186, ASSET Act, is a 119th Congress bill sponsored by Sen. Coons, Christopher A. [D-DE] (D-DE); status introduced; PRIA reads it as touching household money (as of 2026-08-21).

- Canonical: https://policyrisk.com/legislation/119-s-5186
- As of: 2026-08-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5186
- Congress: 119
- Title: ASSET Act
- Status: introduced
- Introduced: 2026-07-30
- Sponsor: Sen. Coons, Christopher A. [D-DE] (D-DE)
- Cosponsors: 7
- Policy area: Social Welfare
- Touches household money: yes
- Last recorded action: 2026-08-21

## Summary

**Eliminating asset tests from major federal safety-net programs** is the central goal of the ASSET Act. The bill would remove household asset and resource limits that block access to Temporary Assistance for Needy Families (TANF), the Supplemental Nutrition Assistance Program (SNAP), and the Low-Income Home Energy Assistance Program (LIHEAP). - Low-income families and households: Would no longer face asset-based disqualification for TANF, SNAP, or LIHEAP, making it easier to keep savings or property while receiving benefits. - SNAP participants: Deletes asset- and resource-based eligibility screens and disqualification rules in the Food and Nutrition Act and reorganizes related statutory sections to align with removal of asset tests. - States and program administrators: Includes a limited implementation delay when a State needs to change its laws so a State plan is not treated as noncompliant until after the next regular legislative session.

## Cosponsors (7)

- Sen. Kaine, Tim [D-VA] (D-VA), 2026-07-30T00:00:00.000Z
- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-07-30T00:00:00.000Z
- Sen. Baldwin, Tammy [D-WI] (D-WI), 2026-07-30T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2026-07-30T00:00:00.000Z
- Sen. Schatz, Brian [D-HI] (D-HI), 2026-07-30T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-07-30T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-07-30T00:00:00.000Z

## Provisions PRIA read

- More energy help for households with savings: benefit, medium. If enacted, states that receive LIHEAP funds would not be allowed to exclude a household from LIHEAP eligibility in a fiscal year solely or partially because of household member assets. Households with higher asset holdings could be eligible for energy assistance if they meet other program requirem…
- More TANF help for families with savings: benefit, medium. If enacted, states that get TANF grants would not be allowed to use any asset or resource limit to deny families TANF-funded help, services, or benefits. Families with savings, vehicles, or property would be able to keep those assets and still qualify. If a state needs new laws (other than appropri…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act
- 119-s-1232: Workplace Violence Prevention for Health Care and Social Service Workers Act

## Sources
- [119-s-5186 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5186)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [119-s-1232: Workplace Violence Prevention for Health Care and Social Service Workers Act](https://policyrisk.com/legislation/119-s-1232)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5186 (as of 2026-08-21).